Gibson Energy Inc. Announces Changes to the Board of Directors
CALGARY, April 4, 2013
CALGARY, April 4, 2013 /PRNewswire/ - Gibson Energy Inc. ("Gibson" or the
"Company"), (TSX: GEI), is pleased to announce the appointment of James J.
Cleary to the Company's board of directors (the "Board"). Mr. Cleary has over
30 years' experience in the oil and gas industry and previously acted as
President of the Western Pipeline group of El Paso Corporation, an energy
company which operated in the natural gas transmission, exploration and
production sectors in North America. Prior thereto, Mr. Cleary served in an
executive capacity at other natural gas pipeline companies. Mr. Cleary has a
law degree from Boston College Law School and is currently a managing director
of Global Infrastructure Partners, an infrastructure fund that invests in
energy, transport and water/waste sectors. "The appointment of Jim Cleary
will provide Gibson's board with, among other things, additional expertise
with respect to building and expanding the Company's operations in the United
States," said Mr. Hanlon.
Gibson also announces the resignations of Andrew W. Ward and Robert M. Tichio
from the Board. Mr. Ward and Mr. Tichio became directors of Gibson in
December, 2008, in connection with their respective positions as a Partner and
Managing Director and a Managing Director of Riverstone Holdings LLC, a New
York based energy focused private equity firm affiliated with Gibson's former
private equity investor. "On behalf of Gibson, I would like to thank Mr. Ward
and Mr. Tichio for all of their contributions and efforts while serving as
directors. We are appreciative of their years of support and service," said
Stewart Hanlon, Gibson's President and Chief Executive Officer.
In connection with the resignation of Mr. Ward, James M. Estey has been
appointed as Chairman of the Board. Mr. Estey has served as a director of
Gibson since the Company's initial public offering in June, 2011. Mr. Estey
has also been appointed as a member of the Company's Audit Committee to fill
the vacancy created by Mr. Ward's resignation. In connection with the
resignation of Mr. Tichio, Mr. Cleary has been appointed as a member of the
Corporate Governance, Compensation & Nomination Committee. Clayton H. Woitas,
who has served on the Board since June 2010, has resigned as a member of the
Health, Safety, Security and Environment Committee and Mr. Cleary will fill
the vacancy on such committee occasioned by Mr. Woitas' resignation. Mr.
Woitas will continue in his role as a member of Gibson's Board. The
aforementioned appointments and resignations are all effective April 4, 2013.
Gibson is one of the largest independent midstream energy companies in Canada
and an integrated service provider to the oil and gas industry in the United
States. Gibson is engaged in the movement, storage, blending, processing,
marketing and distribution of crude oil, condensate, natural gas liquids,
water, oilfield waste and refined products. Gibson transports energy products
by utilizing its network of terminals, pipelines, storage tanks, and trucks
located throughout western Canada and through its significant truck
transportation and injection station network in the United States. Gibson also
provides emulsion treating, water disposal and oilfield waste management
services in Canada and the United States and is the second largest retail
propane distribution company in Canada.
SOURCE Gibson Energy Inc.
Vice President Investor Relations and Communications
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